DBFS signs MoU with Bunge Investment

Kochi, Nov 11: Doha Brokerage&Financial Services Limited (DBFS), associate of Doha Bank, has signed a Memorandum of Understanding (MoU) with Bunge Investment Management Limited (Bunge) in the areas of carbon emission risk management, advisory and credit origination services. The MoU was recently signed through DBFS's affliate company Ecoinvest Carbon SA.

DBFS Chairman R Seetharaman expressed his happiness over the agreement and said the three-fold service offerings through Ecoinvest would go a long way in development of the Middle-Eastern and Indian markets and would definitely boost the environmental- friendly initiatives currently being undertaken in these regions. '' This MoU is a part of the DBFS ongoing corporate social responsibility initiatives and has positioned DBFS as a pioneer in this business segment in the Middle Eastern and Indian markets,'' he said in the release.

DBFS is a brokerage institution having a pre-eminent position in Middle-Eastern and Indian markets and Ecoinvest is a world-renowned player, having extensive experience and technical expertise in the development of projects intended to receive credits for reductions of carbon emissions of greenhouse gases.